Dhaka, Jan. 28 -- Eastern Bank PLC (EBL) got a US$35 million loan from International Finance Corporation (IFC), a member of the World Bank Group, towards supporting working capital and trade-related lending program.

The formal loan agreement between IFC and EBL was signed in Dhaka at the bank's head office in Dhaka today (Tuesday), according to a media release.

Ali Reza Iftekhar, Managing Director and CEO of EBL, said, "EBL is a strong partner of Bangladesh's development growth. This partnership with IFC will help us extend working capital and trade finance solutions to local Corporates and SMEs."

Allen Forlemu, IFC Regional Industry Director of the Financial Institutions Group for Asia and the Pacific, said, "IFC's investment in Easte...